Waldwick Racquet Courts LLC
Waldwick Racquet Courts LLC is a fitness and recreational sports center located in Waldwick, NJ, classified under NAICS 713940. The business was financed with an SBA 504 loan that financed real estate or equipment through an SBA 504 loan, with an SBA portion of $3,668,000 provided through Trenton Business Assistance Corporation and ConnectOne Bank, with approval dated September 23, 2026.
SBA 504 loan, approved Sep 23, 2026
$3,668,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $3,668,000
- Bank portion
- $5,100,000
- Estimated project size
- $9,742,222 (estimated)
- Estimated owner equity
- $974,222 (estimated, about 10% of the project)
- Bank lender
- ConnectOne Bank, Englewood Cliffs, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- September 23, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 14
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Bergen County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-5
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 89% of expansion loans in Fitness and Recreational Sports Centers on this site.
- Average expansion loan in Fitness and Recreational Sports Centers: $2,194,028.
- Average expansion loan in New Jersey: $2,533,058.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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